Zombie funds represent $393bn in funds raised

The majority of zombie funds focus on North America, with buyout as the main strategy, according to PEI’s Research and Analytics division.

There are currently over a thousand zombie funds – funds more than 10 years old which still have assets remaining in their portfolios where the manager hasn’t raised a subsequent fund – according to PEI’s Research and Analytics division.

The 1,001 funds were raised by general partners before 2005 and represent $393.1 billion in capital. Funds incorporating buyout strategies in their focus accounted for the bulk of these funds at $201.4 billion in raised capital, PEI's sister publication Secondaries Investor reported.

To read the full story on Secondaries Investor, click here.